No Enterprise Goodwill in One-Person Business, Utah Appeals Court Confirms

BVLaw
Court Case Digests
March 14, 2019
5962 Automatic Merchandising Machine Operator
454210 Vending Machine Operators
marital dissolution/divorce
enterprise goodwill, expert testimony, net asset value, personal goodwill, discount for lack of marketability (DLOM), sole proprietorship

Marroquin v. Marroquin
2019 UT App 38
US
State Court
Utah
Court of Appeals
Unknown (husband); unknown (wife)
Hagen

Summary

Appeals court upholds trial court’s valuation of husband’s vending machine business, finding this one-person operation is akin to sole proprietorship in which any goodwill is attributable to husband’s personal efforts and reputation for competency; court says goodwill is not a marital asset.

See Also

Marroquin v. Marroquin

Appeals court upholds trial court’s valuation of husband’s vending machine business, finding this one-person operation is akin to sole proprietorship in which any goodwill is attributable to husband’s personal efforts and reputation for competency; court says goodwill is not a marital asset.